Fujian Extends 15% CIT for Enterprises till 2025
According to the Notice on the Corporate Income Tax Preferential Policy in the Pingtan Comprehensive Pilot Zone (Cai Shui [2021] No.29, qualified enterprises established in Fujian Pingtan Comprehensive Pilot Zone are eligible to enjoy a reduced corporate income tax (CIT) rate of 15% (instead of the standard CIT rate of 25%t) until 31 December 25.
Qualified enterprises must be involved in one of the follow business sectors: high-tech, services, agricultural and marine industry, ecological and environmental protection, infrastructure management, tourism, modern logistics, technology and information service and the income from the main business must account for more than 60% of the company’s total income.